C.H. Robinson Worldwide’s (CHRW) “Hold” Rating Reaffirmed at Stifel Nicolaus

C.H. Robinson Worldwide (NASDAQ:CHRW)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a note issued to investors on Tuesday, Benzinga reports. They currently have a $91.00 target price on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 3.62% from the stock’s current price.

A number of other research firms also recently weighed in on CHRW. Loop Capital decreased their price target on shares of C.H. Robinson Worldwide from $105.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Credit Suisse Group cut their price target on shares of C.H. Robinson Worldwide from $93.00 to $92.00 and set an “underperform” rating for the company in a research note on Wednesday, August 16th. Citigroup upped their price objective on C.H. Robinson Worldwide from $94.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. StockNews.com began coverage on C.H. Robinson Worldwide in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Susquehanna dropped their price objective on C.H. Robinson Worldwide from $93.00 to $88.00 in a research note on Thursday, June 29th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, C.H. Robinson Worldwide has an average rating of “Hold” and an average target price of $95.17.

C.H. Robinson Worldwide Price Performance

Shares of C.H. Robinson Worldwide stock opened at $87.82 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $10.22 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 4.02 and a beta of 0.79. The firm has a fifty day moving average price of $94.28 and a two-hundred day moving average price of $95.98. C.H. Robinson Worldwide has a fifty-two week low of $85.22 and a fifty-two week high of $108.05.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, August 2nd. The transportation company reported $0.90 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.90. C.H. Robinson Worldwide had a return on equity of 39.80% and a net margin of 2.67%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same period last year, the business earned $2.67 earnings per share. The firm’s revenue for the quarter was down 35.0% compared to the same quarter last year. Analysts expect that C.H. Robinson Worldwide will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its position in shares of C.H. Robinson Worldwide by 75.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 260 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 112 shares during the period. CoreCap Advisors LLC acquired a new position in C.H. Robinson Worldwide during the fourth quarter worth $29,000. Penserra Capital Management LLC bought a new position in C.H. Robinson Worldwide in the first quarter valued at $30,000. West Tower Group LLC acquired a new stake in C.H. Robinson Worldwide in the 2nd quarter valued at $31,000. Finally, Capital Advisors Ltd. LLC bought a new stake in C.H. Robinson Worldwide during the 2nd quarter worth about $33,000. 95.11% of the stock is currently owned by institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.